FBP
First BanCorp.
FBP's fundamentals are mixed: its operating margin rose 3 points to 44%, while revenue grew 5.7%. At 11x earnings, it's trading in line with its usual 10x. Analysts expect earnings growth.
FBP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
FBP's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like FBP.
FBP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $21.53 | -17% |
| Fair | 10x | $24.46 | -6.3% |
| Current | 11x | $26.09 | — |
| Forward | 11x | $26.09 | — |
| Expensive | 12x | $27.42 | +5.1% |
Historical ranges are pointers, not guarantees.
FBP's PE is in its expensive range at 11.0x. On analysts' estimates for next year's earnings, today's price would be 10.7x, in its fair range.
FBP Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect FBP's earnings to grow and its profitability to improve, with its revenue holding steady.
FBP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.43 | +2.4% |
| Q3 2026 | $2.37 | +15% |
| Q2 2026 | $2.37 | +26% |
| Q1 2026 | $2.25 | +22% |
| Q4 2025 | $2.15 | +19% |
| Q3 2025 | $2.06 | +13% |
| Q2 2025 | $1.88 | +2.7% |
| Q1 2025 | $1.84 | +4.5% |
| Q4 2024 | $1.81 | +5.8% |
FBP's earnings per share have climbed steadily: $2.37 over the past year, up 15% from the year before, and higher year over year every quarter since late 2023.
FBP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $260.1M | +4.6% |
| Q2 2026 | $264.9M | +7.3% |
| Q1 2026 | $258.6M | +4.2% |
| Q4 2025 | $257.2M | +6.5% |
| Q3 2025 | $248.7M | +6% |
| Q2 2025 | $246.8M | +6.5% |
| Q1 2025 | $248.1M | +7.6% |
| Q4 2024 | $241.5M | +4.9% |
FBP's revenue has grown year over year for nine quarters in a row: $260M last quarter, up 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | +1.6 points |
| Q2 2026 | 45% | +3.7 points |
| Q1 2026 | 44% | +3.8 points |
| Q4 2025 | 42% | +2 points |
| Q3 2025 | 43% | +1.6 points |
| Q2 2025 | 42% | -2.1 points |
| Q1 2025 | 40% | -1.8 points |
| Q4 2024 | 40% | +2.9 points |
FBP's operating margin was 44% last quarter, up 1.6 points from the same quarter a year ago.
FBP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $101.2M | -25% |
| Q2 2026 | $87.2M | -6.1% |
| Q1 2026 | $115.9M | +8.6% |
| Q4 2025 | $103.2M | +8.4% |
| Q3 2025 | $134.8M | +17% |
| Q2 2025 | $92.8M | +34% |
| Q1 2025 | $106.7M | -6.5% |
| Q4 2024 | $95.2M | +24% |
FBP's free cash flow was $407M over the past year, down 5.1% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FBP.
FBP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -2.2M shares |
| 1 year | -5.1% | -8.1M shares |
| 3 years | -14% | -25M shares |
FBP has 152M diluted shares, down 5.1% from a year ago, with $205M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $50.3M |
| Q1 2026 | $54.6M |
| Q4 2025 | $50M |
| Q3 2025 | $50.1M |
| Q2 2025 | $28.7M |
| Q1 2025 | $24.9M |
| Q4 2024 | $24,000 |
FBP spent $205M buying back its own shares over the past year, up 98% from the year before.
FBP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -2.4x | Net Cash |
| Q4 2024 | -1.4x | Net Cash |
FBP has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FBP.
FBP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 6.7 | Oversold |
FBP's weekly RSI is 48 (neutral) and its Stochastic is 7 (oversold).
FBP PE vs Financial Services Sector
| Metric | FBP | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 15% below |
| PE % | 67 | 63 | 4 pts above |
FBP is trading at 11x earnings, a 15% discount to the Financial Services sector's median of 13x.
FBP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.7 | 2.4% below |
| 20 week MA | $27.5 | 5.3% below |
| 50 week MA | $24.5 | 6.4% above |
| 100 week MA | $22.4 | 17% above |
| 200 week MA | $19.2 | 36% above |
FBP has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 36% above its 200-week average.
FBP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.6 | $9.13 | -14% |
| 2021 | $9.13 | $13.6 | +49% |
| 2022 | $13.6 | $12.8 | -5.7% |
| 2023 | $12.8 | $16.5 | +28% |
| 2024 | $16.5 | $18.7 | +14% |
| 2025 | $18.7 | $21.2 | +13% |
| 2026 YTD | $21.2 | $26.1 | +23% |
FBP has finished higher in four of the last six years. It's up 23% so far in 2026.